Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THE GAMBRELL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)5625 FAIRVIEW ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE, NC28209
A Employer identification number

56-2120679
B Telephone number (see instructions)

(704) 553-8296
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$175,020,857J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,782,186 1,778,154  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 20,133,157
b Gross sales price for all assets on line 6a 38,964,116
7 Capital gain net income (from Part IV, line 2)... 5,234,741
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-3,647,415 7,290,795  
12 Total. Add lines 1 through 11........ 18,267,928 14,303,690  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 695,132 173,783   521,349
14 Other employee salaries and wages...... 583,391 57,987   525,404
15 Pension plans, employee benefits....... 85,651 16,078   69,573
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
10,865 2,716   8,149
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,176,531 1,894,165   282,366
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
363,639 293,382   70,257
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
29,423 0  
20 Occupancy.............. 8,052 0   8,052
21 Travel, conferences, and meetings....... 770,930 0   770,930
22 Printing and publications.......... 1,287 0   1,287
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
778,949 499,368   278,631
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,503,850 2,937,479   2,535,998
25 Contributions, gifts, grants paid....... 5,229,559 5,229,559
26 Total expenses and disbursements. Add lines 24 and 25 10,733,409 2,937,479   7,765,557
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,534,519
b Net investment income (if negative, enter -0-) 11,366,211
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 85,060 115,308 115,308
2 Savings and temporary cash investments......... 5,519,079 2,001,790 2,001,790
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 159,059,953 Click to see attachment
List of Attached Documents:
// Content
170,110,073 		172,545,659
14 Land, buildings, and equipment: basis right arrow461,091
Less: accumulated depreciation (attach schedule) right arrow102,991 320,914 Click to see attachment
List of Attached Documents:
// Content
358,100 		358,100
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 164,985,006 172,585,271 175,020,857
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
6,241 		Click to see attachment
List of Attached Documents:
// Content
71,987
23 Total liabilities (add lines 17 through 22)......... 6,241 71,987
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 119,951,306 119,951,306
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 45,027,459 52,561,978
29 Total net assets or fund balances (see instructions)..... 164,978,765 172,513,284
30 Total liabilities and net assets/fund balances (see instructions). 164,985,006 172,585,271
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
164,978,765
2
Enter amount from Part I, line 27a .....................
2
7,534,519
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
172,513,284
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
172,513,284
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #3104      
b PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #3104      
c PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #3105      
d PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #3105      
e PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #3105      
PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #3105      
PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #3105      
PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #3104      
PUBLICLY TRADED SECURITIES - U.S. BANK N.A. TRUST SERVICES #5000879      
PUBLICLY TRADED SECURITIES - U.S. BANK N.A. TRUST SERVICES #5000879      
PUBLICLY TRADED SECURITIES - U.S. BANK N.A. TRUST SERVICES #5000879      
PUBLICLY TRADED SECURITIES - PERSHING ADVISOR SOLUTIONS #2018      
PUBLICLY TRADED SECURITIES - PERSHING ADVISOR SOLUTIONS #2018      
AMG PANTHEON      
UNREALIZED GAIN (LOSS) (MARK TO MARKET) P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,787,727   973,396 1,814,331
b 1,249,980   35,067 1,214,913
c 11,542,944   11,483,492 59,452
d 1,033,925   1,022,137 11,788
e 4,411,786   4,807,350 -395,564
2,113,390   2,322,235 -208,845
15,156   19,876 -4,720
19,007     19,007
7,099,337   6,814,208 285,129
8,260,374   5,830,535 2,429,839
907     907
418,249   418,390 -141
2,689   2,689 0
8,645     8,645
      0
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,814,331
b       1,214,913
c       59,452
d       11,788
e       -395,564
      -208,845
      -4,720
      19,007
      285,129
      2,429,839
      907
      -141
      0
      8,645
      0
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 5,234,741
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 157,990
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 157,990
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 157,990
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 148,163
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 148,163
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 288
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 10,115
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNC
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.GAMBRELLFOUNDATION.ORG
14
The books are in care ofright arrowMATT POTTER Telephone no.right arrow (704) 553-8296

Located atright arrow5625 FAIRVIEW ROADCHARLOTTENC ZIP+4right arrow28209
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
SALLY BELK GAMBRELL DIRECTOR - CEO
20.00 		125,000 0 0
5625 FAIRVIEW ROAD
CHARLOTTE,NC28209
HANNAH RANKIN PROGRAM DIRECTOR
8.00 		70,927 2,747 0
5625 FAIRVIEW ROAD
CHARLOTTE,NC28209
BRIAN E BRIDGFORD DIRECTOR - VP
20.00 		125,000 0 0
5625 FAIRVIEW ROAD
CHARLOTTE,NC28209
BRIAN COLLIER PRESIDENT
40.00 		374,204 44,900 1,200
5625 FAIRVIEW ROAD
CHARLOTTE,NC28209
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
JACK MCWILLIAMS FARM OPERATIONS
40.00 		115,897 20,177 1,200
5625 FAIRVIEW ROAD
CHARLOTTE,NC28209
LAURA A SHEPARD DIRECTOR OF COMMUNIC
40.00 		105,516 16,827 0
5625 FAIRVIEW ROAD
CHARLOTTE,NC28209
JOHN LICARE FARM OPERATIONS
40.00 		102,151 8,082 1,200
5625 FAIRVIEW ROAD
CHARLOTTE,NC28209
MELISSA NEMEC PROGRAM DIRECTOR
40.00 		86,987 10,083 1,200
5625 FAIRVIEW ROAD
CHARLOTTE,NC28209
MATTHEW POTTER CONTROLLER
8.00 		53,932 4,140 0
5625 FAIRVIEW ROAD
CHARLOTTE,NC28209
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
BELK GAMBRELL ENTERPRISES LLC INVESTMENT MANAGEMENT 1,130,611
5625 FAIRVIEW ROAD
CHARLOTTE,NC28209
WELLINGTON MANAGEMENT CO LLP INVESTMENT MANAGEMENT 409,246
222 W ADAMS STREET SUITE 2100
CHICAGO,IL60606
ANDALUSIAN PRIVATE CAPITAL AND ADVISORY INVESTMENT MANAGEMENT 203,236
40 W 57TH STREET SUITE 1700
NEW YORK,NY10019
SPITFIRE STRATEGIES CONSULTING 195,471
2300 N STREET NW STE 610
WASHINGTON,DC20037
MONROE CAPITAL LLC INVESTMENT MANAGEMENT 125,631
155 N WACKER DRIVE 35TH FLOOR
CHICAGO,IL60606
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
77,565,684
b
Average of monthly cash balances.......................
1b
3,845,859
c
Fair market value of all other assets (see instructions)................
1c
96,687,020
d
Total (add lines 1a, b, and c).........................
1d
178,098,563
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
178,098,563
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,671,478
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
175,427,085
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
8,771,354
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
8,771,354
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
157,990
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
3,386
c
Add lines 2a and 2b............................
2c
161,376
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
8,609,978
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
8,609,978
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
8,609,978
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
7,765,557
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
461,091
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
8,226,648
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 8,609,978
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 335,378
b From 2020...... 535,614
c From 2021...... 1,988,282
d From 2022...... 2,130,392
e From 2023......  
f Total of lines 3a through e ........ 4,989,666
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 8,226,648
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 8,226,648
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 383,330 383,330
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 4,606,336
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		4,606,336
10 Analysis of line 9:
a Excess from 2020.... 487,662
b Excess from 2021.... 1,988,282
c Excess from 2022.... 2,130,392
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

AMERICAN INSTITUTE FOR BOYS AND MEN

712 H STREET NE UNIT 8838
WASHINGTON,DC20002 		NONE PUBLIC CHARITY GENERAL PURPOSE 800,000

BOARD OF REGENTS - UNIVERSITY OF CALIFORNIA

1111 FRANKLIN STREET 12TH FLOOR
OAKLAND,CA94607 		NONE PUBLIC CHARITY GENERAL PURPOSE 350,000

CAMP BLUE SKIES FOUNDATION

2820 SELWYN AVE BOX 767
CHARLOTTE,NC28209 		NONE PUBLIC CHARITY GENERAL PURPOSE 25,000

CHARLOTTE MECKLENBURG LIBRARY FOUNDATION

300 E SEVENTH STREET
CHARLOTTE,NC28202 		NONE PUBLIC CHARITY GENERAL PURPOSE 100,000

CHARLOTTE SYMPHONY ORCHESTRA

128 S TRYON STREET 350
CHARLOTTE,NC28202 		NONE PUBLIC CHARITY GENERAL PURPOSE 125,000

CHARLOTTE URBAN INSTITUTE - UNC CHARLOTTE

9201 UNIVERSITY CITY BLVD
CHARLOTTE,NC28223 		NONE PUBLIC CHARITY GENERAL PURPOSE 128,000

COMMUNITIES IN SCHOOLS OF CHARLOTTE-MECKLENBURG INC

601 E 5TH STREET
CHARLOTTE,NC28202 		NONE PUBLIC CHARITY GENERAL PURPOSE 399,706

DILWORTH CENTER FOR CHEMICAL DEPENDENCY

2240 PARK ROAD
CHARLOTTE,NC28203 		NONE PUBLIC CHARITY GENERAL PURPOSE 120,000

FOUNDATION FOR THE CAROLINAS

220 NORTH TRYON STREET
CHARLOTTE,NC28202 		NONE PUBLIC CHARITY GENERAL PURPOSE 450,000

HAVENS INCORPORATED

PO BOX 37190
CHARLOTTE,NC28237 		NONE PUBLIC CHARITY GENERAL PURPOSE 20,000

HOPELAB FOUNDATION

100 CALIFORNIA STREET SUITE 1150
SAN FRANCISCO,CA94111 		NONE PUBLIC CHARITY GENERAL PURPOSE 500,000

INTERNATIONAL HOUSE OF METROLINA INC

1817 CENTRAL AVENUE SUITE 215
CHARLOTTE,NC28205 		NONE PUBLIC CHARITY GENERAL PURPOSE 75,000

LAKEVIEW NEIGHBORHOOD ALLIANCE

211 LAKEWOOD AVENUE
CHARLOTTE,NC28208 		NONE PUBLIC CHARITY GENERAL PURPOSE 303,680

LOCAL INITIATIVES SUPPORT CORPORATION

28 LIBERTY STREET FLOOR 34
NEW YORK,NY10005 		NONE PUBLIC CHARITY GENERAL PURPOSE 650,000

NORTH CAROLINA OUTWARD BOUND SCHOOL

2582 RICEVILLE ROAD
ASHEVILLE,NC28805 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

PHILANTHROPY SOUTHEAST

100 PEACHTREE STREET NW SUITE 2080
ATLANTA,GA30303 		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000

PLANNED PARENTHOOD SOUTH ATLANTIC

700 SOUTH TORRENCE STREET
CHARLOTTE,NC28204 		NONE PUBLIC CHARITY GENERAL PURPOSE 25,000

SOCIAL GOOD FUND

12651 SAN PABLO AVENUE
RICHMOND,CA94805 		NONE PUBLIC CHARITY GENERAL PURPOSE 30,000

THE BOYS & GIRLS CLUB OF THE PIEDMONT

1001 COCHRAN STREET
STATESVILLE,NC28677 		NONE PUBLIC CHARITY GENERAL PURPOSE 50,000

THE CHRISTIAN MISSION

266 N BROAD STREET
MOORESVILLE,NC28115 		NONE PUBLIC CHARITY GENERAL PURPOSE 125,000

THE GERMAN MARSHALL FUND OF THE UNITED STATES

1744 R ST NW
WASHINGTON,DC20009 		NONE PUBLIC CHARITY GENERAL PURPOSE 217,366

THE SALVATION ARMY

4015 STUART ANDREW BOULEVARD
CHARLOTTE,NC28217 		NONE PUBLIC CHARITY GENERAL PURPOSE 60,000

UNC CHARLOTTE FOUNDATION

8724 UNIVERSITY CITY BLVD
CHARLOTTE,NC28213 		NONE PUBLIC CHARITY GENERAL PURPOSE 166,667

UNITED WAY CENTRAL CAROLINAS INC

601 E 5TH STREET SUITE 350
CHARLOTTE,NC28202 		NONE PUBLIC CHARITY GENERAL PURPOSE 100,000

URBANPROMISE CHARLOTTE

PO BOX 12213
CHARLOTTE,NC28220 		NONE PUBLIC CHARITY GENERAL PURPOSE 230,000

VISION TO LEARN

12100 WILSHIRE BLVD SUITE 1275
LOS ANGELES,CA90025 		NONE PUBLIC CHARITY GENERAL PURPOSE 100,000

YOUNG BLACK LEADERSHIP ALLIANCE

4112 OLD PINEVILLE ROAD
CHARLOTTE,NC28217 		NONE PUBLIC CHARITY GENERAL PURPOSE 54,140

YWCA CENTRAL CAROLINAS

3420 PARK ROAD
CHARLOTTE,NC28209 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000
Total .................................right arrow 3a 5,229,559
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,782,186  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income ..... 523000 27,807 14    
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 16,457,935  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 27,807 18,240,121 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
18,267,928
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

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TY 2024 DepreciationSchedule
Name:
THE GAMBRELL FOUNDATION
EIN:
56-2120679
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
GREENHOUSE 2020-04-01 118,125 11,359 SL 39.000000000000 3,029 0    
GENERATOR 2020-11-25 28,823 18,694 200DB 7.000000000000 2,894 0    
OFFICE BUILDING 2020-04-01 22,875 2,201 SL 39.000000000000 587 0    
GREENHOUSE 2022-04-15 199,174 29,876 SL 10.000000000000 19,917 0    
TRAILER 2021-12-09 4,646   200DB 7.000000000000 0 0    
COOLER 2022-05-20 9,910 5,153 200DB 5.000000000000 1,903 0    
CHICKEN COOP 2022-07-01 10,929 1,639 SL 10.000000000000 1,093 0    
FARM ANNEX 2024-12-31 66,609   NC 0 % 0 0    

TY 2024 ExplnOfNonFilingWithAGStmt
Name:
THE GAMBRELL FOUNDATION
EIN:
56-2120679
Statement:
COPY OF THE 990-PF IS AVAILABLE UPON REQUEST.

TY 2024 InvestmentsOtherSchedule2
Name:
THE GAMBRELL FOUNDATION
EIN:
56-2120679
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
.3978% INTEREST IN COUNCIL CAPITAL IV, LP FMV 389,146 584,375
0.312237% INTEREST IN INVESTMENT IN FULCRUM IV FMV 801,173 1,051,939
0.3963% INTEREST IN ADAMS STREET 2019 GLOBAL FUND, LP FMV 2,011,439 2,770,672
1.2452% INTEREST IN WHI REAL ESTATE PARTNERS V-TE, LP FMV 1,135,884 1,253,349
1.6633% INTEREST IN PANORAMIC CONNEXPAY EQUITY II-QP, LLC FMV 287,289 335,960
1.9851% INTEREST IN WELLINGTON TRUST CO, NA CTF INT'L QUALITY GROWTH FMV 20,992,007 20,995,840
1.7486339% INTEREST IN LOGISTICS CO-INVEST 2022, LP AT COST 45,789 109,410
1.8015% INTEREST IN BIP CAPITAL VENTURE FUND IV-QP, LP FMV 1,002,267 1,569,932
1.3127% INTEREST IN WELLINGTON TRUST CO, NA CTF INT'L QUALITY GROWTH (D) FMV 13,881,635 13,884,170
7.3367% INTEREST IN WELLINGTON TRUST CO, NA CTF GLOBAL IMPACT PORTFOLIO FMV 14,899,420 14,897,245
1.8331858% INTEREST IN PLEXUS FUND IV-B, LP FMV 569,971 812,152
2.5293% INTEREST IN JFL PARALLEL FUND V FMV 682,282 1,179,005
12.7566% INTEREST IN ANDALUSIAN PARTNERS, LP FMV 6,931,463 6,947,717
3.0574% INTEREST IN WHI REAL ESTATE PARTNERS IV-TE, LP FMV 668,042 343,935
8.6788% INTEREST IN WELLINGTON TRUST CO, NA CTF ENDURING ASSETS PORTFOLIO FMV 17,214,274 17,211,966
AMG PANTHEON PE FMV 959,825 959,825
INTEREST IN AAC INTERSTATE CENTRE EPSILON 2021 LLC FMV 7,865,885 7,865,885
INTEREST IN ASP (FEEDER) LEADERS FUND 2020 LP FMV 384,731 384,731
INTEREST IN KENDALL SUSTAINABLE INFRASTRUCTURE III (BLOCKER), L.P. FMV 1,539,926 1,539,926
MONROE CAPITAL PRIVATE CREDIT (CAYMAN) FEEDER FUND IV, LP FMV 2,948,812 2,948,812
SECURITIES HELD AT FIDELITY/NATIONAL FINANCIAL SERVICES #3104 FMV 33,836,304 33,836,304
SECURITIES HELD AT FIDELITY/NATIONAL FINANCIAL SERVICES #3105 FMV 18,637,327 18,637,327
SECURITIES HELD AT FIDELITY/NATIONAL FINANCIAL SERVICES #5377 FMV 494,640 494,640
SECURITIES HELD AT US BANK #0879 FMV 21,466,458 21,466,458
SECURITIES HELD PERSHING ADVISOR SOLUTIONS, LLC - 2018 FMV 464,084 464,084

TY 2024 LandEtcSchedule2
Name:
THE GAMBRELL FOUNDATION
EIN:
56-2120679
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
GREENHOUSE 118,125 14,388 103,737  
GENERATOR 28,823 21,588 7,235  
OFFICE BUILDING 22,875 2,788 20,087  
GREENHOUSE 199,174 49,793 149,381  
TRAILER 4,646 4,646 0  
COOLER 9,910 7,056 2,854  
CHICKEN COOP 10,929 2,732 8,197  
FARM ANNEX 66,609 0 66,609  


TY 2024 LegalFeesSchedule
Name:
THE GAMBRELL FOUNDATION
EIN:
56-2120679
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 10,865 2,716   8,149


TY 2024 OtherExpensesSchedule
Name:
THE GAMBRELL FOUNDATION
EIN:
56-2120679
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADAMS STREET 2019 GLOBAL FUND, LP - CHARITABLE CONTRIBUTIONS 43 0   43
ADAMS STREET 2019 GLOBAL FUND, LP - INVESTMENT INTEREST EXPENSES 9,823 9,823   0
ADAMS STREET 2019 GLOBAL FUND, LP - NON-DEDUCTIBLE TAX EXPENSE 236 0   0
ADAMS STREET 2019 GLOBAL FUND, LP - OTHER DEDUCTIONS 64,878 64,878   0
ANDALUSIAN PARTNERS, LP - PORTFOLIO DEDUCTIONS 222,103 222,103   0
ANNUAL REPORT 202 0   202
BIP CAPITAL VENTURE FUND IV-QP, LP - NON-DEDUCTIBLE TAX EXPENSE 2 0   0
COMPUTER 1,087 0   1,087
COUNCIL CAPITAL IV LP - NON-DEDUCTIBLE TAX EXPENSE 102 0   0
COUNCIL CAPITAL IV LP - OTHER DEDUCTION 15,356 15,356   0
FARM SUPPLIES 12,630 0   12,630
FULCRUM GROWTH FUND IV QP, LLC - OTHER DEDUCTIONS 9,495 9,495   0
JFL PARALLEL FUND V, LP - PORTFOLIO DEDUCTIONS 17,988 17,988   0
LANDSCAPING 892 0   892
MARKETING EXPENSES 71,532 0   71,532
MEMBERSHIP DUES 24,356 0   24,356
MISCELLANEOUS EXPENSES 77,895 12,291   65,604
PLEXUS FUND IV-B, LP - CHARITABLE DONATION 53 0   53
PLEXUS FUND IV-B, LP - INVESTMENT INTEREST EXPENSE 5,136 5,136   0
PLEXUS FUND IV-B, LP - NON-DEDUCTIBLE TAX EXPENSE 470 0   0
PLEXUS FUND IV-B, LP - OTHER DEDUCTIONS 7,462 7,462   0
PROPERTY INSURANCE 3,708 0   3,708
REPAIRS 854 0   854
SUPPLIES 30,985 5,544   25,441
TRAINING 56,851 0   56,851
TRASH DISPOSAL 5,436 0   5,436
WELLINGTON TRUST CO, NA CTF ENDURING ASSETS PORTFOLIO - DEDUCTIONS-PORTFOLIO 8,203 8,203   0
WELLINGTON TRUST CO, NA CTF GLOBAL IMPACT PORTFOLIO - PORTFOLIO DEDUCTIONS 19,077 19,077   0
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - OTHER DEDUCTION 4,174 4,174   0
WHI REAL ESTATE PARTNERS IV-TE, LP - INVESTMENT INTEREST EXPENSE 1,429 1,429   0
WHI REAL ESTATE PARTNERS IV-TE, LP - PORTFOLIO DEDUCTIONS 9,222 9,222   0
WHI REAL ESTATE PARTNERS V-TE, LP - INVESTMENT INTEREST EXPENSE 187 187   0
WHI REAL ESTATE PARTNERS V-TE, LP - PORTFOLIO DEDUCTIONS 21,732 21,732   0
SOFTWARE 19,540 9,770   9,770
PANORAMIC CONNEXPAY EQUITY II-QP, LLC - OTHER DEDUCTIONS 5,796 5,796   0
ADAMS STREET 2019 GLOBAL FUND, LP - SECTION 179 21 21   0
BIP CAPITAL VENTURE FUND IV-QP, LP - SECTION 179 5 5   0
BIP CAPITAL VENTURE FUND IV-QP, LP - OTHER DEDUCTIONS 21,386 21,386   0
PANORAMIC CONNEXPAY EQUITY II-QP, LLC - NON-DEDUCTIBLE TAX EXPENSE 140 0   0
BANK FEES 166 0   166
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH - PORTFOLIO DEDUCTIONS 6,312 6,312   0
LOGISTICS CO-INVEST 2022 - PORTFOLIO DEDUCTIONS 4,909 4,909   0
COUNCIL CAPITAL IV LP - INVESTMENT INTEREST EXPENSE 3,059 3,059   0
FULCRUM GROWTH FUND IV QP, LLC - INVESTMENT INTEREST EXPENSE 2,007 2,007   0
PANORAMIC CONNEXPAY EQUITY II-QP, LLC - CHARITABLE DONATION 6 0   6
AAC INTERSTATE CENTRE EPSILON 2021 LLC - OTHER DEDUCTIONS 12,003 12,003   0


TY 2024 OtherIncomeSchedule2
Name:
THE GAMBRELL FOUNDATION
EIN:
56-2120679
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PLEXUS FUND IV-B, LP - OTHER INCOME 31 31 31
PLEXUS FUND IV-B, LP - DIVIDEND INCOME 2,605 2,605 2,605
PLEXUS FUND IV-B, LP - ORDINARY BUSINESS INCOME 61,060 61,921 61,060
PLEXUS FUND IV-B, LP - NET RENTAL REAL ESTATE INCOME 53 53 53
PLEXUS FUND IV-B, LP - LONG-TERM CAPITAL GAINS 202,046 202,046 202,046
WHI REAL ESTATE PARTNERS IV-TE, LP - INTEREST INCOME 33,383 33,383 33,383
WHI REAL ESTATE PARTNERS V-TE, LP - INTEREST INCOME 64,579 64,579 64,579
WELLINGTON TRUST CO, NA CTF GLOBAL IMPACT PORTFOLIO - INTEREST INCOME 20,346 20,346 20,346
WELLINGTON TRUST CO, NA CTF GLOBAL IMPACT PORTFOLIO - DIVIDEND INCOME 203,311 203,311 203,311
WELLINGTON TRUST CO, NA CTF GLOBAL IMPACT PORTFOLIO - ST CAPITAL LOSSES 88,470 88,470 88,470
WELLINGTON TRUST CO, NA CTF GLOBAL IMPACT PORTFOLIO - LT CAPITAL LOSSES 229,392 229,392 229,392
WELLINGTON TRUST CO, NA CTF GLOBAL IMPACT PORTFOLIO - PORTFOLIO INCOME 38,357 38,357 38,357
WELLINGTON TRUST CO, NA CTF GLOBAL IMPACT PORTFOLIO - SECTION 1256 GAINS 2,950 2,950 2,950
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - INTEREST INCOME 10,699 10,699 10,699
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - DIVIDEND INCOME 276,829 276,829 276,829
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - ST CAPITAL LOSSES -86,352 -86,352 -86,352
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - LT CAPITAL GAINS 1,612,447 1,612,447 1,612,447
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - PORTFOLIO LOSS -7,292 -7,292 -7,292
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - SECTION 1256 GAIN 2,926 2,926 2,926
WELLINGTON TRUST CO, NA CTF ENDURING ASSETS PORTFOLIO - INTEREST INCOME 19,846 19,846 19,846
WELLINGTON TRUST CO, NA CTF ENDURING ASSETS PORTFOLIO - DIVIDEND INCOME 622,108 622,108 622,108
WELLINGTON TRUST CO, NA CTF ENDURING ASSETS PORTFOLIO - ST CAPITAL GAIN 435,861 435,861 435,861
WELLINGTON TRUST CO, NA CTF ENDURING ASSETS PORTFOLIO - LT CAPITAL LOSS 1,981,087 1,981,087 1,981,087
WELLINGTON TRUST CO, NA CTF ENDURING ASSETS PORTFOLIO -PORTFOLIO GAIN (LOSS) -6,483 -6,483 -6,483
JFL PARALLEL FUND V, LP - INTEREST INCOME 4,437 4,437 4,437
ADAMS STREET 2019 GLOBAL FUND, LP - INTEREST INCOME 8,523 8,523 8,523
ADAMS STREET 2019 GLOBAL FUND, LP - DIVIDEND INCOME 11,401 11,401 11,401
ADAMS STREET 2019 GLOBAL FUND, LP - ST CAPITAL GAIN (LOSS) -492 -492 -492
ADAMS STREET 2019 GLOBAL FUND, LP - LONG-TERM CAPITAL GAINS 120,226 120,226 120,226
ADAMS STREET 2019 GLOBAL FUND, LP - ORDINARY BUSINESS INCOME (LOSS) -414 -5,768 -414
ADAMS STREET 2019 GLOBAL FUND, LP - ROYALTY INCOME 6 6 6
ADAMS STREET 2019 GLOBAL FUND, LP - OTHER INCOME 1,502 1,502 1,502
BIP CAPITAL VENTURE FUND IV-QP, LP - INTEREST INCOME 436 436 436
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - DIVIDEND INCOME 418,625 418,625 418,625
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - INTEREST INCOME 16,181 16,181 16,181
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - ST CAPITAL LOSSES -130,584 -130,584 -130,584
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - LT CAPITAL GAINS 2,438,368 2,438,368 2,438,368
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - PORTFOLIO LOSS -11,028 -11,028 -11,028
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - SECTION 1256 GAIN 4,426 4,426 4,426
PANORAMIC CONNEXPAY EQUITY II-QP, LLC - INTEREST INCOME 3,825 3,825 3,825
ADAMS STREET 2019 GLOBAL FUND, LP - NET RENTAL REAL ESTATE LOSS 2 2 2
ADAMS STREET 2019 GLOBAL FUND, LP - SECTION 1231 GAIN (LOSS) -726 -726 -726
ADAMS STREET 2019 GLOBAL FUND, LP - TAX EXEMPT INCOME 19 0 19
AAC INTERSTATE CENTRE EPSILON 2021 LLC -RENTAL REAL ESTATE INCOME (LOSS) 2,865 2,865 2,865
COUNCIL CAPITAL IV LP - INTEREST INCOME 409 409 409
FULCRUM GROWTH FUND IV QP LLC - INTEREST INCOME 160 160 160
JFL PARALLEL FUND V, LP - PORTFOLIO INCOME 2,969 2,969 2,969
BBC INTERSTATE CENTRE CHARLIE 2022 LLC -RENTAL REAL ESTATE INCOME (LOSS) -1,883,252 -1,883,252 -1,883,252
PLEXUS FUND IV-B, LP - INTEREST INCOME 226 226 226
LOGISTICS CO-INVEST 2022 - INTEREST INCOME 89 89 89
LOGISTICS CO-INVEST 2022 - DIVIDEND INCOME 14 14 14
LOGISTICS CO-INVEST 2022 - ST CAPITAL LOSS 1 1 1
LOGISTICS CO-INVEST 2022 -ORDINARY BUSINESS LOSS -34 -34 -34
LOGISTICS CO-INVEST 2022 - PORTFOLIO INCOME 1,899 1,899 1,899
PASS-THROUGH INVESTMENT (MARK TO MARKET) UNREALIZED GAIN -10,966,036 0 -10,966,036
ANDALUSIAN PARTNERS, LP - INTEREST INCOME 5 5 5
ANDALUSIAN PARTNERS, LP - DIVIDEND INCOME 5,079 5,079 5,079
ANDALUSIAN PARTNERS, LP - PORTFOLIO INCOME 543 543 543
WHI REAL ESTATE PARTNERS V-TE, LP - LT CAPITAL GAIN 5,619 5,619 5,619
FULCRUM GROWTH FUND IV QP LLC - LONG TERM CAPITAL GAIN 134,811 134,811 134,811
BIP CAPITAL VENTURE FUND IV-QP, LP - LONG-TERM CAPITAL GAINS 323,176 323,176 323,176
PANORAMIC CONNEXPAY EQUITY II-QP, LLC - SECTION 1231 GAIN (LOSS) -4 -4 -4
BIP CAPITAL VENTURE FUND IV-QP, LP - ORDINARY BUSINESS INCOME 6,849 0 6,849
PANORAMIC CONNEXPAY EQUITY II-QP, LLC - ORDINARY BUSINESS INCOME 16,465 0 16,465
BASKET FARM, LLC - OTHER INCOME 7,376 7,376 7,376
OTHER INCOME 364 364 364


TY 2024 OtherLiabilitiesSchedule
Name:
THE GAMBRELL FOUNDATION
EIN:
56-2120679
Description Beginning of Year - Book Value End of Year - Book Value
OTHER LIABILITIES 6,241 834
CREDIT CARD PAYABLE 0 71,153


TY 2024 OtherProfessionalFeesSchedule
Name:
THE GAMBRELL FOUNDATION
EIN:
56-2120679
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 282,366 0   282,366
INVESTMENT MANAGEMENT FEES 1,894,165 1,894,165   0


TY 2024 TaxesSchedule
Name:
THE GAMBRELL FOUNDATION
EIN:
56-2120679
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAX EXPENSE 84,344 14,087   70,257
OTHER TAXES 279,295 279,295   0